Fri, 26th Apr 2024

In this episode of the Financial Services Online's Weekly Finance News Wrap, Paige Estritori discusses important upcoming dates regarding the Australian Taxation Office (ATO) and tax returns: July 1st, the start of the new fiscal year, and October 31st, the deadline to file tax returns. The severity of penalties for missing these ATO deadlines are underscored. The episode then moves to Australia's inflation outlook, highlighting potential shifts in the Consumer Price Index (CPI). Recent data suggests a downsizing trend in inflation, with expectations of a Policy tweak by the Reserve Bank of Australia, possible changes in the CPI for March and varying inflation forecasts from different banking entities. Paige concludes with a call to keep abreast of ATO deadlines and CPI fluctuations, and mentions resources available on their website for finance needs.